Hospitality Properties Trust Prices 5,000,000 Common Shares Offering

February 13, 2007

NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) announced today that it has priced a follow-on public offering of 5,000,000 common shares of beneficial interest at a price of $47.67 per share. The settlement of this sale is expected to occur on Friday, February 16, 2007. HPT expects to use the net proceeds of this offering to repay a portion of the debt incurred to fund its recently completed acquisition of TravelCenters of America, Inc. The underwriters have been granted a 30-day option to purchase up to an additional 750,000 common shares from HPT to cover overallotments, if any.

The joint book-running managers for this offering are Merrill Lynch & Co., Morgan Stanley and RBC Capital Markets. The joint lead managers for this offering are UBS Investment Bank and Wachovia Securities. The co-managers for this offering are Banc of America Securities LLC, Ferris, Baker Watts Incorporated, Janney Montgomery Scott LLC, Morgan Keegan & Company, Inc., Oppenheimer & Co. and Stifel Nicolaus.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Copies of the supplemental prospectus supplement and related prospectus may be obtained from the offices of Merrill Lynch & Co., 4 World Financial Center, New York, New York 10080 (telephone: 212-449-1000), from the offices of Morgan Stanley, 1585 Broadway, New York, New York 10036 (telephone: 212-761-4000), from the offices of RBC Capital Markets, Equity Syndicate Department, One Liberty Plaza, 165 Broadway, New York, NY 10006 (facsimile: 212-428-6260), or from the offices of any of the other managing underwriters identified above.

Hospitality Properties Trust
Timothy A. Bonang
Manager of Investor Relations

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